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FOX News
Oct 5, 2012 3:00pm PDT
. >> did mitt romney's post debate victory hit a speed bump with the unemployment rate? we'll break down what the numbers mean. this is special report. good evening, i'm bret baier. president obama is hailing the jobs report, showing a drop from 8.1% to 7.8, as a sign the country has come too far to turn back now. his republican challenger says the new numbers are not the sign of a true recovery, in fact, he says they're telling a far different story. the government's household survey says that 873,000 people entered the work force. but the employer survey found 114,000 new jobs created, 10,000 of those in government. so, the difference, about 760,000 are apparently not full-time stable jobs, what's known as the real unemployment mark, the unemployed and those too discouraged to look for work remains unchanged at 14.7%. white house correspondent wendell goler begins our coverage of the report and the spin. >> two days after a disappointing debate with mitt romney, president obama looked on the bright side of a merely modest jobs report for september. >> this morning, we found out that th
FOX News
Oct 5, 2012 6:00pm EDT
in cleveland. and following romney's strong performance in the debate, what happens now? here is chief political correspondent, carl cameron. >> reporter: with a month before election day, unemployment below 8% for the first time in the obama era, mitt romney called it too little, too late and too high since so many have stopped looking for work. >> the truth is if the same share of people participating in the work force today as the day the president got elected our unemployment rate to be around 11%. >> romney's plan says it will create new jobs, instead of part-time, helping to get it under 8% before the election. i'll help create 12 million new jobs and rising take home pay. >> romney's debate performance intersecting polls, and rasmussen shows romney inching ahead in virginia and ohio albeit within the margin of error and the daily tracking poll has the president up 5 points. romney met privately with laid off miners and blasted the president for waging war with workers, and romney that's an is crucial section of energy independence. >> i think we should put the americans back to
MSNBC
Oct 1, 2012 2:00am PDT
. >>> we begin this morning with debate prep. president obama and his republican rival mitt romney are both getting ready for their first face to face presidential debate in denver wednesday night. romney is holding a rally in the mile-high city today, while the president gears up in nevada. nbc's tracie potts joins us from washington with the latest. >> reporter: good morning, everyone. we get an interesting perspective on this from john mccain, he's debated both the president and mitt romney. he says we will see two very strong well-prepared debaters and he predicts few surprises. the president's behind closed doors in nevada for the next two days preparing to face mitt romney in denver wednesday. >> he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> reporter: both sides are downplaying expectations. a senior aide to the president says romney will be prepared, disciplined and aggressive. romney's debate partner calls the president a tough debater. >> barack obama is going to be formi
CNN
Oct 2, 2012 12:00am PDT
. on the other side, the liberal who says the debates are make or break for mitt romney. >>> also, marie osmond. what it would mean to her to see a mormon president. >> there's a lot of strange things said about, you know, our faith. >> marie osmond on her faith and family. >>> and my exclusive with european ryder cup winners, ian poulter and justin rose. a sporting moment so extraordinary even the men in the middle of it can't quite believe it happened. >> it really was one of the most remarkable comebacks i can think in any kind of sport. >> this is "piers morgan tonight." >>> good evening. our big story tonight, neck and neck with 36 days to go until the election, the latest cnn/orc poll has president obama at 50% and mitt romney at 47%, within the margin of error. the thing both sides are counting on to change it, wednesday's debate. president obama is in nevada for two days of practice sessions with david axelrod and david plouff. mitt romney is counting on his secret weapon, ann, out on the trail. >> this country is ready for a turnaround. this country is ready -- this country is ready fo
CNN
Oct 2, 2012 3:00am EDT
for mitt romney. >> joining me now, a man who knows quite a lot about mitt romney's debate preparation, his senior advisor, former senator jim tallent. welcome to you. >> good to be with you, piers. >> how is he getting on, the candidate? because this is potentially a make or break debate for mitt romney. >> yeah, it certainly is a big debate and a big debate for the country. well, he's worked hard. the president is a good debater and he's been in this -- on this spotlight before, so you know, governor romney is probably a little bit the underdog but i think he's going to be ready. he's going to be ready on the issues which is really what this election's about. >> there's a massive game at the moment of both sides downplaying expectation. so far, even if mitt romney just makes the stage, you guys could declare a triumph and a glorious victory. it's getting a bit ridiculous. the truth is mitt romney spent most of the first half of this year debating, so he should have the advantage, shouldn't he? >> well, i expect him to do well. i don't think -- what an election's about, what this one's abo
FOX News
Oct 1, 2012 9:00pm PDT
and predictions from team romney as we preview wednesday's debate in denver. >> i just created a huge screw-up. >> sean: all that, plus my exclusive interview with former california governor and hollywood legend arnold schwarzenegger. we are 36 days from election day and "hannity" starts right here right now. >> sean: this is a fox news alert. congressional hearings on the banghazi attack are about to be convened in the last hour fox news has obtained a letter that will be sent to hillary clinton tomorrow morning. this letter is from congressman jason chavitz. it reads in part, the full committee anticipates convening a hearing on october 10th, 2012, to consider the security situation in banghazi leading up to the september 11th attack. the attack that claimed the ambassador's life was the latest in a long line of attacks on western diplomats and officials in libya in the months leading up to this attack. it was clearly never as the administration has once insisted, the result of a popular uprising or protest. what you're looking at now is exclusively obtained photos from congressman chaffe
FOX News
Oct 2, 2012 12:00am EDT
feeling. my feeling is probably mitt romney is down a point or two. i think the debate wednesday night is crucial. how these events unfold is going to be important. >> i agree he's down a point or two. rasmussen has him down by three, which is unusual. two other factors come in to play. one is the higher level of enthusiasm among republicans, 16 points higher. secondly, the undecided vote tending to go against the incumbent. so i believe that romney can come back. i think he will. i think a lot depends on the debate wednesday night. the debate is stacked to play in romney's favor. the things romney is accusing obama of owe mismanaging the economy, fast and furious, this banghazi stuff -, that can't be rebutted. what obama is accusing romney of, being a tax cheat, swiss bank accounts, all that kind of stuff, can be rebutted. >> sean: what obama will say -- thus this will be mostly on the economy. obama will say, it's getting better. that was the recovery summer of 2010. >> but romney -- there were a whole lot of people right now who want to vote for romney. want to vote against obama. b
CNN
Oct 8, 2012 4:00pm EDT
that that debate has really, really helped mitt romney. >> yeah, i don't think the romney campaign could have wanted to do any more with this debate than they did. if you look across the board at these numbers, wolf, romney has made gains in almost every area including somebody who's better able to improve the jobs situation. he leads -- romney leads obama by eight points on that. so whether it's on the economy, whether it's on leadership, he's now tied with the president. as far as leadership ability is concerned. so i think romney got everything out of that debate and more. >> he certainly did. and if you take a look at -- let me put the numbers back on the screen one more time. earlier this month before the debate, romney was behind the president, the president, 51%, romney, 43%. eight-point difference. now 49% for romney, 45% for obama, a four-point spread. that's a 12-point spread in only, what, three weeks, shall we say? and clearly the major development was his strong performs at that debate. >> you know, wolf, it just shows you that voters are still really weighing the pluses and minu
FOX News
Oct 8, 2012 8:00am PDT
to be getting tight other after governor romney's strong performance in last week's presidential debate a new "gallup poll" taken in the first three days after the faceoff, shows the two contenders locked into a dead-heat, 47% each. what does governor romney's team need to do to keep up the momentum? erin mcpike, national political reporter for "real clear politics.". erin, i know a lot of republicans are saying the momentum has swung governor romney's way. it is a sprint to the finish line. you seem to be a little more cautious about that. why? >> i am because i'm looking at "real clear politics" polling averages of all the battleground states and the president is still ahead in big states he needs to win like wisconsin and ohio. he also still winning in new hampshire and nevada. and when you add those states to the electoral college map, it shows still that it's a tough way for mitt romney to go. he has got to win more than just say virginia and florida if he can win those now. jon: how many of those polls that "real clear politics" averages, how many have been taken post-debate, do you kno
CNBC
Oct 8, 2012 9:00am EDT
to the debate, there's that moment where governor romney says, how long are we going to get the chinese pay for what we're doing? the chinese on the one hand are paying for what we're doing because they own a lot of the debt. on the other hand, the navy is asking for billions more to defend against the chinese. where are they going to get that money from the chinese? we're tied in. it's one world. not necessarily a good one. >> that's why these are the kinds of things that have to be put on the able, one would expect, and discussed. >> i think at 11:20 a.m., chairman rogers is going to join us today. >>> when we come back, barnes & noble upping the ante in the tablet wars. in an exclusive, ceo bill lynch will tell us how their venture with microsoft will help barnes & noble take on amazon. >>> and making the case for groupon's future. we'll talk with the co-founders. >>> and taking another look at futures, lower opening after weakness in shanghai and europe today. "squawk on the street" is back in a minute. between listening to the numbers... ...and listening to your instinct. duff & phelps
FOX News
Oct 4, 2012 9:00pm PDT
's presidential debate. in just a moment, i will be joined for an exclusive interview by both governor romney and his runningmate, congressman paul ryan. even the most left-wing observers have conceded that their candzidate bombed without his teleprompter last night. obama aides are trying to pin it all on mitt romney. believe it or not, they are accusing the governor of lying. of course, they are the ones that are. watch this. >> again and again and again, he told the story to the american people that is completely... in contrast with what he said before and unfounded in fact. and that's going to catch up with him. i give him credit for strong performance. i give him an "f" for being honest with the american people. >> sean: for 90 minutes, president obama lied about his record and president obama lied about what he would do in a second term. you want proof? here it is. >> if you want to be president, you owe the american people the truth, the truth. >> the fact check. >> this claim is based on a fiscal fiction. >> the bipartisan nonprofit committee has called that a gimmick. the president i
FOX Business
Oct 1, 2012 6:00pm EDT
-stakes of the first debate has candidates leaving. nothing to chance. president obama and governor romney racing to get in last minute prep before going face-to-face first debate next wednesday in denver that is. what should we expect? let's ask bill kristol, editor of "the weekly standard" and byron york, chief political correspondent for the "washington examiner". welcome to you both. byron, i'll start with you. what does romney have to do to show up roads in here. even voters say they don't expect him to win? >> well the thing, he has to do the same thing he had to do all along which present himself as a good alternative to the president who will take the country in a different direction than the president and can point out the numerous flaws in the president's record. i mean, i wonder whether romney has actually been preparing too much. he has been doing enormous amount of this stuff. he did a unabout much of debates in the republican primaries. it got to where he was quite sharp. whether he is lost his edge by now i don't know. gerri: bill, you've been very critical of romney saying that in
FOX Business
Oct 1, 2012 9:00pm EDT
before the debate. he had a fallout and not working for team romney. i feel he were but maybe the governor doesn't need the advivise. rst half hour is absolutely crucial. the people watch the debate conform to the begining of the show. later on and what ecends to confirm. coming out very strong early taking it right to the president and investing in the second person. forget about the moderator. mr. president of the freighter policies he failed. what is worst ever continue in the past we will be even worse off. gerri: i hate it when people ignore the journalist and the room. >> i said this. he was really -- in this case one would not dream of doing this. in terms of my advice to mitt romney. gerri: you can bothagree. this to say about what needs to happen. >> governor romney for the first time gets on the same stage as the president of the united states ad people can make a direct comparison about them and their visions for the future. this campaign, i think you'll e the numbers start to move right back in the other direction. gerri: i have to tell you, a is there a magic rese
CNBC
Oct 4, 2012 3:00pm EDT
. we've had some guests who feel it has a lot to do with mitt romney's strong debate showing last night. eamon javers is in washington with the latest reaction to last night's action. eamon. >> hi, bill. the reviews are in for last night's presidential debate. not so good for barack obama. definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado today, giving him a chance to have almost a do over from last night's performance. take a listen. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts
CNBC
Oct 3, 2012 3:00pm EDT
romney briefly unveils his version of tax reform ahead of tonight's presidential debate. but will it work to close the gap in the polls? we'll break it all down right here on the "closing bell." when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> welcome back. apple helping to push the nasdaq higher for a second straight day. we said this yesterday, but it's worth repeating. apple accounts for just under 19% of the nasdaq 100. let's get to bertha coombs. >> it really is the big apple. yesterday we saw a technical reversal and a technical levels. apple shares fell below their 50-day moving average and zoomed back up. if you look at that chart, they are extending gains here today. also, apple changing the landscape, perhaps. reports say it's set to put out a mini
CNN
Oct 6, 2012 11:00am PDT
rallied just yesterday. >>> and with one presidential debate behind them, mitt romney is already gearing up for the next face-off with president barack obama. mr. romney held a rally in virginia yesterday and today in florida, preparing for the next debate hosted by our own candy crowley. romney will also hold a rally in maryland tonight. >>> now to the new employment report. the labor department saying 114,000 jobs were created in september. and the unemployment rate fell, coming in at 7.8%. that's a drop of .3% from august. health care gave us the biggest boost in new jobs. transportation had a good month as well, with a 17,000 job gain. >> with only a month away now to the election, the big drop in unemployment has critics suggesting that the numbers may have been manipulated. we look at how the numbers are put together to find out if that's even possible. >> there are a couple things at play here. first, it's from 8.1% to 7.8%. i say forget it, erase it from your head. it doesn't matter. the thing you have to concentrate on is the number of jobs created. 114,000 is right around where
CNBC
Oct 8, 2012 6:00am EDT
will have to improve his performance in the debates. >> a gallup poll has romney and obama tied at 47% each. >> that's early for gallup. >> right here. >> their daily track comes out at 1:00, but this could be a different mole. i'm not aware of this new poll. >> this is one they took afterwards. it's just -- >> i'm hearing about it for the first time. >> i think it just hit. it literally just hit. anyway, john, thank you. we'll talk again very soon. when we come back, do rich people who become congressional leaders stay that way? we vlt details of a special capital assets investigation from the "washington post." plus how strong are the bulls? is there hope for the economy without the help of qe-3? that's all ahead. smart comes with 8 airbags,o3 a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business cha
FOX Business
Oct 5, 2012 5:00pm EDT
we run out of time, i thought of you when mitt romney mentioned spain during the debate. let me play that clip and get your reaction on the other side. >> spain, spain spend 42% of their total economy on government. >> okay. >> we're now spending 42% of our economy on government. i don't want to go down the path of spain. melissa: what do you think? are we going down the path of spain? >> i think that this is one of the great political debates of our time and i think that mitt romney was right to join it with president obama. i think president obama's policies and his political vision are fundamentally that of french democrats, rather like francois hollande. i think mitt romney's are a traditional conservative republican. i thought during the debate he sounded actually, he echoed themes that you would associate with dwight eisenhower. so i think this is a great debate to be joined politically. i think that romney is raising real risk but there are people on the left who would like to see a stronger centralized government, not just as a safety net but all of these elements and you can
CNBC
Oct 4, 2012 6:00am EDT
, but it was declaring romney won the debate. ken duberstein will join us, as well. >> i was reading some of your tweets last night, john, and i liked your tweet. i tell you what i took away from the entire debate because i want to let you say it, but i saw what's possible in a life spent without any alcohol. i saw what i could have possibly been -- i saw how i could have possibly been able to talk if i had all the brain cells that i started with. and that was what i came away with. that i just wish in a maybe i had considered that path maybe of being, you negotiation life of sobriety. anyway, what did you think, john? >> well, romney considered that path and he took that path, joe, and he tried to press his case last night. the challenge for him was to come out with the kind of aggression that could score for him while still being respectful for the president. and i think he met that challenge. he was on offense most of the time, put the president back on his heels on his record. and he challenged him directly. i thought the strongest moment that he had was when he directly challenged the president on
NBC
Oct 2, 2012 11:00am EDT
romney are preparing for their first debate. the president is in nevada. his rival in denver, where tomorrow's debate will take place. runni innin inning mates come p battleground states. paul ryan wrapped up an event in clinton, iowa. s american airlines customers are dealing with unhappy pilots. seats broke mid flight. >> the passenger seats came loose out of the floor. >> eight planes grounded after three incidents where an entire row of sts came loose. twice, it happened on the same plane. the airline says it could be a defect in a certain model of seats. passengers say this issue on top of decreasing on-time arrivals is unacceptable. >> if they don't fly, i don't have a status on another airline. it's an issue for me. >> shakes my confidences that i'm going get to my destination on time. >> american blames the issues on a feud with union pilots. the pilots say the nation's third largest carrier needs new planes. >>> a challenge to full body scanners and enhanced patdowns will not be heard by the supreme court. sus tises turned away the case. it centered around a michigan man wh
CNBC
Oct 1, 2012 6:00am EDT
romney's debate prep by talking expectations for the first debate. of course it's just two days away. joining us with a review, terry nelson, gop strategist, and democratic strategist morris reed. let's start with you this morning, terry. there is a sense the "washington post" has a piece out this morning that romney needs to be the instigator, he needs to be the aggressor. is that right and can he do it? >> i don't know if he needs to be the instigator. there has been clearly a lot of focus on the romney campaign. he needs to have a very solid performance and 2that's the mos important thing, that he makes his points in a solid and forceful way and if he does that are, i think and he will come out all right. but the idea that he needs to come in a have a debate defining moment in order for to be a success i don't think is right. >> is there one issue or theme that he has to hit home? >> he has to -- this race is about the economy and jobs. that's what people care about. and i think one of the distractions for the romney campaign has been that they have not been able to really pound t
CNBC
Oct 4, 2012 9:00am EDT
presidential debate, and the big question is, will we see a romney bounce that could be a game changer in the race for the white house? good morning. welcome. i'm melissa lee along with carl quintanilla and jim cramer. david faber is at the economic summit in larue, texas. he'll join us from there in just a few minutes to kick off an exclusive interview with meg whitman. let's have a look at the futures this morning. we are seeing a positive bounce here. we are digesting, as we mentioned, last night's debate as well as jobless claims which came in lower than expected. the previous week was revised slightly higher. we are, of course, looking ahead to the jobs report on friday. as for europe, the ecb, as expected, holding the course on rates. we are looking at these headlines crossing from mario dragi. we'll monitor those as to where he will stand and the ecb stand on future rate cuts. >>> our road map starts in denver where president obama speaks this morning, trying to counter the widespread perception that he lost last night's debate. his in-rate contract down 7%, but do stocks have t
CNBC
Oct 5, 2012 3:00pm EDT
in the debate. i think most people still recognize that he has a lot to do. remember, romney has to do two things. one, he has to convince that president obama has not delivered. second, he has to convince the american people he can deliver. so he has to do it both things. there's still some heavy sledding for him on both fronts. in terms of the market, i think that over the next few weeks and months we're basically going to be driven not only by the political process but whether we get data that confirms the handoff from central bank action to fundamentals will happen. otherwise, this wedge that the central bank have created between valuations of fundamentals cannot be sustained forever. fundamentals have got to start coming up towards valuations, otherwise valuations will come down. >> mohammed, thank you so much for joining us today. >> thank you, michelle. >> all right. we've got about 51 minutes before the closing bell. the nasdaq is lower by nearly 14 points. >> don't go anywhere. there's still a lot more ahead on this busy friday edition of the "closing bell." >>> coming up, employm
CNBC
Oct 3, 2012 6:00am EDT
. >> no, no, governor romney, he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> a new nbc news "wall street journal" poll finds that nearly four in ten voters say that the upcoming debates will be either extremely or quite important to determining their vote for president. another 34% of voters polled say that the upcoming debates will be somewhat important to their votes, so the stakes are high tonight. president obama's lead in the nationwide polls is narrowing. meantime, romney has pulled even in florida. john harwood is in denver this morning and he will join us in just a few minutes with the other poll numbers and see just exactly how close it is. then we're going to try our own debates. at 6:30 eastern time, we have strategists from both sides of the aisle. democrat jimmy williams versus republican joe watkins. an hour later, former dnc chair and vermont governor howard dean is facing off against ed conard. irene rosenfeld, the ceo of mondolez international. the markets
CNN
Oct 5, 2012 9:00am PDT
debate, and now romney has a chance to get ahead of that and sort of premessage on it, shape the debate and discussion about it, and sort of try to neutralize it a little bit for himself even before that debate happens so that when the president, if he does try to bring it up, romney can try to inoculate himself a little bit from the attacks saying, look, i have already said i was wrong. no doubt, you know, expect the obama team to say he is flip-flopping, this is something we've seen before, but now the governor, former governor, has about two weeks to sort of massage his message, and you see a real political game going on here. it's a real fight. >> yep. okay. jessica, thank you. appreciate it. >> american airlines now blaming passengers for jamming the lox that cause the seats on three flights to come loose. now, a spokeswoman says the lox, like the one shown here, got stuck after passengers "gunked them up" with spilled coffee and soda. the airline promises it won't happen again. the seats just the latest in a series of troubles for american. the company has also been dealing with l
CNBC
Oct 2, 2012 6:00am EDT
debates, we have a chance for mitt romney to set a different impression with the american people than he's been able to do so far. who knows what president obama will do and what events are happening in the world. but i'm not sure other than some tightening from a little surge that obama had which i think is receding a little bit, i'm not sure what nate is talking about. >> john, you wrote a column that talks about the debates and the impact of the debates traditionally. and made the case that traditionally it makes very little impact. >> there are many individual moments that make an impression. but to fundamentally change where a race is going is very rare and you need a combination of events. the example that i used in that piece, andrew, was 2000, al gore had a lead of about what president obama has now entering the debates against george w. bush. he had a reputation as a strong debater. his body language was off, he was condescending to bush. bush was surprisingly well performed and personable. you had the bush campaign take advantage of some mistakes that gore made in the debate. a
CNBC
Oct 3, 2012 11:00pm EDT
," weeknights on cnbc. >>> big night on cnbc, not just because it's the first debate for romney and obama. it's because here on "mad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your port o portfolios are protected. time to play "am i diversified?." this is where you call me, you tell me your top five holdings and i tell you whether you need to diversify. we've gotten inundated with tweets. we have to go to them. this is from dimas720. i think i know a dmas who writes am i diversified, altria, trokter and gamble can, conoco phillips, big california boo-yah. mike dimas is from summit new jersey. procter & gamble, uh-oh, pepsi, consumer products company. altria, there's a match game thing going on there. conoco phillips, new york community, high yielding financial. keep altria. between pepsi and procter, keep pepsi. proctor is a work in progress although mr. mcdonald is doing much better. we're going to put in yes, a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >>
CNBC
Oct 5, 2012 9:00am EDT
romney in the debate talked about how dodd-frank has created too big to fail banks. you believe there's a negative side chairing that committee with regard to insurance companies. we don't have very much time. maybe you can quickly give us -- >> the banks that are too big to fail have really -- have special status and guarantee and would help if they go under. i'm afraid that the insurance companies have gotten into this too, whether they have to pay for whatever might happen. insurance had nothing to do with the bailout. i nene bailout -- >> it's unfortunate we have to go. but it was aig and aig's problem wasn't traditional insurance it was derivatives. >> a few moments left in the trading week for europe. we'll get the close in about three minutes. don't go anywhere. h management m and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to t
FOX News
Oct 2, 2012 10:00am PDT
when he gets on that debate stage in denver, is go off the president not just on what romney says are ineffectual policies like the president's healthcare law and stimulus packages, but the cost of those policies as compared to romney's own perscriptions that call for smaller less expensive government. for the president what he's going to try to do is say look, maybe things aren't so great but it is partly the fault of george w. bush and the republicans who were in office prior to the democrats taking control in 2009, so we need time to fix it, and by the way, the president will also say that he wants to increase taxes on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i do
CNBC
Oct 3, 2012 9:00am EDT
and mitt romney facing off tonight in denver for the first presidential debate. we'll have a review of what will be covered and which candidate is likely to come out on top. plus lifelock making its trading debut. the stock trading down as much as 3%. ceo will join us live in a few moments. and silicon valley may be experiencing huge success, but the rest of california is struggling. find out why tech and social media might not be the economic engines the golden state needs. and the startup that could help you cut your cell phone bill in half. freedom pop ceo joins us. all that and more in the next hour. we'll start with kraft, though. the nasdaq investigating potentially erroneous trades today. want to send to bertha coombss for more on what happened. >> yeah, very interesting debut today for kraft. trading as two separate companies. officially yesterday kraft spinning into two separate divisions. mondelez which controls all of the snack foods an kraft foods which is the grocery arm. but at the open of trade today, take a look at that chart with kraft foods, it still shows a spike. very un
CNN
Oct 5, 2012 11:00am PDT
're watching the debate wednesday night, who was that romney, hard right romney or was it massachusetts romney? >>le it, it was a little bit of both. it was a romney back in transition, i think. as one could expect, once he had won his primary, he moved back to the center, he was on a national stage as the presidential candidate. and he was trying to be a much more centrist politician than he could be when he was running for the republican primary. >> and, you know, there is something he tout multiple times as a republican governor, in the state of massachusetts, which is, as you know, at the time for him it was 87% democrat, he said he had to cross the aisle a lot to get anything done. let me play a little bit of when he was talking about that wednesday. >> i like the way we did it in massachusetts. i like the fact that in my state we had republicans and democrats come together, and work together. what you did instead was to push through a plan without a single republican vote. when massachusetts did something quite extraordinary, elected a republican senator, to stop oba care, you pushed it
CNN
Oct 5, 2012 2:00pm EDT
interpretation of today's number. let's get the other side, the new jobs report forced republican mitt romney to alter his attack on the president. with reaction from mitt romney, here is jim acosta. >> reporter: after a couple of days of very positive reviews for his debate performance against president obama, mitt romney is running in political news that may be blunting that momentum. the new unemployment report showing that the jobless rate has dipped below 8%, really taking away one of his key lines of attack against the president. for months, mitt romney has been saying the president failed to take the nation's unemployment rate below 8%, but at an event here in coal country in virginia, romney found a new way to crunch the numbers. here is what he had to say. >> there were fewer new jobs created this month than last month, and the unemployment rate, as you noted this year, has come down very, very slowly. but it has come down nonetheless. the reason it has come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> reporter: now for
CNBC
Oct 3, 2012 4:00pm EDT
. thank you so much. >>> we're in countdown mode, countdown to tonight's debate. we set the stage with new poll numbers out of the key swing states. stick around. the gap between the two candidates is narrowing more than ever. >>> would ceo's make romney president? wait until you hear the rationale. >>> and facing realities of the digital age. facebook may be watching your web searches to steer relevancy your way. is it just good business? we'll debate both sides of the issue coming up. back in a moment. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es
CNBC
Oct 2, 2012 3:00pm EDT
know you're getting ready for the big debate tomorrow night between the president and mitt romney. i want to ask you about politics and investing. first, what do you think about this market? what are you hearing from clients? you think we're going to continue to see chasing of high beta stocks or has this market gotten tired? >> our clients are scared. what we're hearing first and fare mo foremost is a lot of uncertainty. is europe going to melt down? are we going to have a fiscal clif cliff in the u.s.? is israel going to bomb snooirn on top of that, they're hearing the dysfunctional politics from the u.s. election. they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear hig
CNBC
Oct 1, 2012 9:00am EDT
for the first presidential debate on wednesday and the chairman will join us live to give us a preview of how governor romney is preparing. >>> we have the q4 playbook with a man that manages nearly $400 billion and cheryl sandberg second in command of facebook speaking out about the ipo and the future of the company and more of our exclusive interview with her and more in the next hour. >>> we'll start with the markets. it is the first trading day of the fourth quarter after rising 6% in q3 and our markets poised for more gains. our cash is director of floor operations with ubs and joins us this morning. good morning. nice way to kick this quarter off. >> nice way, yes. >> hard to tell what it is attributed, and evans comments today clearly dovish and ism better than expected. what's at work here? >> we started out with a little booster shot out of europe. asia was not as strong as some people had hoped. then europe had had some data that looked on the face of it to be perhaps even mediocre, but it was interpreted to be not as bad as people had worried about and not indicative of europe's sl
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